Of Jim Rogers' Views on Nuclear, Irish Banks and US Employment

Dr Michael A. Yoshikami, President & Chief Investment Strategist at YCMNET Advisors in California gave his views on Jim Rogers' comments on fossil fuels and nuclear energy. Nuclear continues to be important, as there are not many alternatives, solar energy is still inefficient. Expects major revision in how nuclear is regulated, and to safety procedures. After more investigations n regulation in next 12 months, uranium and nuclear stocks should bounce back after that, rather than 2-3 years. Crude oil price to climb, depending on economic growth picking up from emerging markets. Currently  factor in $10-15 fear premium to oil price. Ireland scenario is an indictment of problems in Europe (Portugal and Greece downgraded recently by S&P). Euro continues to be under pressure against other stronger currencies, not just dollar. In terms of US private sector employment, he expects next 6-12 months stabilisation of jobs. Company earnings are bouncing back, improving but don't get too excited. Unemployment rates are still high above long term averages. See omnystudio.com/listener for privacy information.